Palm Beach County Office MarketView Q4 2018

The former Office Depot HQ in Delray Beach traded for $33 million. Buyers Centerpointe Delray Holdings and CDS International Holdings plan to redevelop the 43 acre site to include residential units, retail and office components.

Investment sales in 2018 totaled 17 transactions, 3 million sq. ft., and $437.2 million or $146 per sq. ft. in consideration.

Palm Beach County’s annual job growth over the year totaled 19,700 jobs or 3.2% as of November 2018.